Institution

Rangtay sa Pagrang-ay, Inc. 4th Floor Manongdo Bldg.17 Private Road, Magsaysay Ave.Baguio City2600
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Institution

E-Life Development Agency 1st Floor, Room 3No.1 Cargo DivisionTechiman, Brong Ahafo RegionPO Box 571
Data approved: 2013-03-22
Data version: 2
Age of data: 132 months

Product

Livestock Loan Product 3 of 4 « Prev | Next »

Product

Individual Credit Product Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers160
Loan Amount (range)PHP 5,000 - 15,000
Loan Term (range)4 - 6
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Values Formation
Annual Interest & Method36.0% annual, Flat
Fees3.00% upfront
Insurance2.00% upfront
TaxNone
Comp Dep5.0% upfront 200.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component44.6% - 46.5% (Int+Fee)
Insurance Component6.5% - 39.0%
Tax Component Range0
Full APR (int fee ins tax dep)55.1% - 61.4%
Transparency Index (min/max)21 - 65
Transparency Index (average)62

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 5,376,605.87
Portfolio (USD)USD 128,626.93
Active Clients with Loans160
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
For livestock (piggery, goats, poultry) activities
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherLivestock-related expenses
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherValues Formation
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

This institution provided data on this product on 2011-12-07 and the product was no longer active when they submitted data on 2013-03-22.

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size15,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term6.0 months
Approx average4.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Service Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Redemption Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 200
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid4.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
Quarterly payment of interest on savings (2% for 1st - 3rd loan cycle, 4% for 4th cycle up); Life insurance not required for those with existing group loan; weekly repayment of interest and savings, lump sum payment of principal at end of term

Full Pricing Data

Livestock Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 7,000PHP 8,000PHP 14,000PHP 14,000
Loan Cycle (1, 2, 3, etc)1103Not Known
Disbursement Date2011-04-202011-03-302011-02-172011-03-17
Loan Term (Months)4.0 months4.0 months4.0 months4.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component45.0%46.1%46.5%44.6%
Insurance Component6.7%6.8%10.5%6.6%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component5.2%4.8%4.4%3.9%
Full APR (int fee ins tax dep)57.0%57.7%61.4%55.1%
Transparency Index63625965
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Livestock Loan Price Graphs


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Key Statistics
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# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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